§ 1807.301. Eligible Uses.
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/us/cfr/t12/s§ 1807.301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Recipient must use its CMF Award to finance and support Affordable Housing Activities and/or Economic Development Activities through the following Eligible Uses:
(a)To capitalize Loan Loss Reserves;
(b)To capitalize a Revolving Loan Fund;
(c)To capitalize an Affordable Housing Fund;
(d)To capitalize an Economic Development Activity Fund;
(e)To make Risk-Sharing Loans; and
(f)To provide Loan Guarantees.
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§ 1807.301
Eligible Uses.
Fed. Reg.×21
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